“CNIYEF Startup Fest 2023” to be held on Poush 7

काठमाडौं ।

The Confederation of Nepalese Industries Young Entrepreneurs Forum (CNIYEF), the youth wing of the Confederation of Nepalese Industries (CNI), is proud to announce the highly anticipated the 2^nd edition of CNIYEF Startup Fest. The country’s largest startup fest CNIYEF Startup Fest 2023 is set to take place on the 7th of Poush (December 23), fostering innovation, investment, and policy discussions to boost Nepal’s burgeoning startup ecosystem.

The CNIYEF Startup Fest 2023 is driven by a mission to promote startups, provide a platform for new ideas to secure investment, and support the Make in Nepal Swadeshi campaign through engaging policy debates. Recognizing the primary challenge faced by startups in acquiring investment, the fest endeavors to encourage these ventures by facilitating discussions, showcasing successful practices, and providing opportunities for startups to present their projects to potential investors.

Over 250 startups have submitted proposals seeking investment, and a rigorous selection process led by CNIYEF and investors will result in 10 to 12 standout startups earning the opportunity to present at the fest. Investor companies, including Tele Venture, NIMB Capital, Reliable Venture Capital, Lotus Holding, Alpha Plus Venture, Himalayan Capital, Team Venture, Global Equity Fund, Adhyanta Fund Management, and Neoteric Nepal, have expressed their commitment to investing in the selected startups. As on date this is an investment pool of more than 100 core.

The CNIYEF Startup Fest 2023 promises a dynamic agenda, featuring panel discussions on various startup-related topics by domestic and foreign experts, live pitching sessions by startups, and engaging activities such as enlightening panel discussions, Robotic Football, Robowar, and a Live Rock Concert. The event will also host exhibitions by indigenous companies and startups championing the Make in Nepal Swadeshi Abhiyan, showcasing their goods and services.

The inaugural edition of the CNIYEF Startup Fest in 2022 was a resounding success, raising an impressive investment pool of 245 million rupees. Building on that momentum, the CNIYEF Startup Fest 2023 is poised to be a landmark event, driving innovation, collaboration, and investment in Nepal’s vibrant startup ecosystem.